Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Avino Silver (ASM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Avino Silver is one of 233 companies in the Basic Materials group. The Basic Materials group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Avino Silver is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ASM's full-year earnings has moved 85.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ASM has returned about 301.8% since the start of the calendar year. Meanwhile, the Basic Materials sector has returned an average of 10.1% on a year-to-date basis. This shows that Avino Silver is outperforming its peers so far this year.
Another stock in the Basic Materials sector, Kinross Gold (KGC), has outperformed the sector so far this year. The stock's year-to-date return is 59.8%.
Over the past three months, Kinross Gold's consensus EPS estimate for the current year has increased 42.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Avino Silver belongs to the Mining - Silver industry, which includes 9 individual stocks and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 34.7% so far this year, so ASM is performing better this group in terms of year-to-date returns.
In contrast, Kinross Gold falls under the Mining - Gold industry. Currently, this industry has 39 stocks and is ranked #40. Since the beginning of the year, the industry has moved +48.1%.
Investors with an interest in Basic Materials stocks should continue to track Avino Silver and Kinross Gold. These stocks will be looking to continue their solid performance.
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Avino Silver (ASM): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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